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I would recommend taking him to a pawn shop and looking for an inexpensive shot gun. I bet you could find something decent for $150- $200.

If he is a close friend and you want to loan him something, I think you are safe. Big word of caution, make sure you give him a trigger lock of some sort incase one of his kids gets a hold of it. You don't want a little kid to hurt himself and be the owner of the gun. If you give him the gun and the trigger lock, you should be protected.

Just something to think about.